Ras al Khaimah’s Government has announced it has formally established the Emirate’s Petroleum Authority. The Government has also announced they have officially launched the Emirate’s first petroleum licensing round which will be supported by the Emirate’s Oil Company, RAK Gas. Bids will be invited until November 2018 and data rooms cam be reserved in the Emirate and London. The Authority will be responsible for the licensing round tendering process and the management of petroleum rights.